ComplianceOfficerForum.com - International Issues

8-SEP-10

Welcome Guest

International compliance requirements continue to expand with changes such as the Basel II accord and new requirements changes from the Financial Services Authority (FSA) and International Accounting Stands Board (IASB). Here, we monitor key developments and evolving requirements.

	Proposed EU Data Retention Regulation
	By AM Henry, 28-APR-04 A Draft Framework Decision on the retention of data for the purpose of prevention, investigation, detection and prosecution of crime and criminal offenses including terrorism was submitted by Eurpoean countries.

	Treasury Addresses Security and Terrorism at Latin American Forum
	By AM Henry, 5-MAR-04 Deputy Assistant Secretary, Juan C. Zarate spoke on the topics of security and terrorism at the Latin American Forum, “An Agenda for the Americas.”

	OFAC Blocks and Designates 10 Bodies for Cuba Embargo Violations
	By AM Henry, 9-FEB-04 Announced by Treasury Secretary John Snow, 10 entities have been blocked and designated by OFAC for violating the Cuban embargo.

	G-7 Addresses Terrorist Financing
	By AM Henry, 8-FEB-04 The G-7 countries re-affirmed their commitment to fighting terrorist financing on a global scale at their February 6-7th, 2004 meeting.

	Bank of Ireland has USAPA Compliance Rules in Place
	By AM Henry, 29-JAN-04 Bank of Ireland Securities Services (BOISS) announced that it plans on continuing to conduct business with U.S. hedge funds in spite of higher costs associated with USA PATRIOT Act compliance.

	Treasury Announces Tax Agreement with Bahamas
	By AM Henry, 31-DEC-03 Treasury announced that a tax information exchange agreement with the Bahamas is effective 1-January-2004 for information on criminal tax matters and 1-Janaury-2006 for information regarding civil tax issues.

	Treasury Addresses Latin American Federation of Banks
	By AM Henry, 24-NOV-03 U.S. Treasury Assistant Secretary for international affairs addressed Latin American Federation of Banks on the Free Trade of the Americas (FTAA) negotiations with respect to trade in financial services.

	Treasury Announces Tax Information Exchange Agreement with Aruba
	By AM Henry, 21-NOV-03 Treasury Secretary announced an agreement with Aruba that will enable the exchange of tax information marking an important development in fighting money laundering and tax evasion worldwide.

	Proposed International Database Fee
	By AM Henry, 24-OCT-03 The Department of Homeland Security (DHS) announced its proposal to charge $100 for international students to register in a computerized student tracking database.

	The Global Reach of Anti-Money Laundering Laws
	By AM Henry, 21-OCT-03 This article provides an overview of the international affect of anti-money laundering laws such as the USA PATRIOT Act and the Revised Forty Recommendations from FATF.

	Canadian Lawyers Face Anti-Money Laundering Initiatives
	By AM Henry, 7-OCT-03 Canadian Department of Finance to broaden its list of companies and professions that are responsible for reporting suspicious activity to include legal counsel.

	Efforts to Cease Terrorist Financing
	By AM Henry, 24-SEP-03 In a hearing of the House Financial Services Committee and Subcommittee on Oversight and Investigations, Mr. Aufhauser said that the United States government and law enforcement agencies seek to freeze the assets of terrorist organizations globally.

	Basel Committee Releases Report on Know Your Customer Requirements
	By AM Henry, 20-AUG-03 The Basel Committee on Banking Supervision has released a paper on the “know your customer” requirements.

	Basel Releases Report on the New Capital Accord
	By AM Henry, 18-AUG-03 The Basel Committee on Banking Supervision released a report on cross-border cooperation according to the new Capital Accord.

	FDIC Approves Proposed Basel Capital Accord in the U.S.
	By AM Henry, 17-JUL-03 FDIC approved the publication on a proposal to implement the New Basel Capital Accord.

	OTS Seeks Feedback on Implementing U.S. Basel II
	By AM Henry, 11-JUL-03 OTS seeks feedback on Basel II and provides proposed banking categories.

100-Day Plan for new CO's
EU Compliance Template
FATF Case Studies 96-04